Tesco PLC (LON:TSCO)‘s stock had its “underweight” rating reiterated by JPMorgan Chase & Co. in a research note issued to investors on Monday. They currently have a GBX 135 ($1.76) target price on the retailer’s stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 28.46% from the company’s previous close.
Other research analysts also recently issued research reports about the company. HSBC restated a “buy” rating and set a GBX 275 ($3.59) price target on shares of Tesco PLC in a research note on Friday, June 10th. Citigroup Inc. restated a “buy” rating on shares of Tesco PLC in a research note on Friday, June 17th. Morgan Stanley raised their price target on Tesco PLC from GBX 160 ($2.09) to GBX 170 ($2.22) and gave the stock an “equal weight” rating in a research note on Wednesday, September 14th. Deutsche Bank AG restated a “hold” rating and set a GBX 195 ($2.55) price target on shares of Tesco PLC in a research note on Friday, June 24th. Finally, Shore Capital restated a “hold” rating on shares of Tesco PLC in a research note on Thursday, June 23rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Tesco PLC currently has an average rating of “Hold” and an average target price of GBX 194.21 ($2.54).
Tesco PLC (LON:TSCO) opened at 204.05 on Monday. The stock’s 50 day moving average price is GBX 169.80 and its 200 day moving average price is GBX 169.27. The firm’s market capitalization is GBX 16.59 billion. Tesco PLC has a 52 week low of GBX 137.00 and a 52 week high of GBX 207.00.
Tesco PLC Company Profile
Tesco PLC is a retail company. The Company is engaged in the business of retailing and retail banking. The Company operates in four segments: UK, Asia, Europe and Tesco Bank. It has retailing and associated activities (retail) operations across the United Kingdom, Asia and Europe. It is engaged in the retail banking and insurance services through Tesco Bank in the United Kingdom (Bank).
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